In setting the DB Plan rates, the Alaska Retirement Management Board (ARMB) addressed compliance with Senate Bill (SB) 125 , the PERS “cost-share” bill. In fiscal year 2008, the bill converted the PERS DB plan to a cost-share plan, like TRS, and provided for one integrated system of accounting for all employers. The bill established one uniform rate of 22% for PERS employers, rather than separate contribution rates for each employer. SB 125 amended AS 39.35.255 and repeals and reenacts AS 14.25.070 :
- AS 39.35.255 “Contributions by employers” establishes the uniform contribution rate for PERS employers at 22 percent, with the State contributing the difference between total PERS actuarially determined contributions and the amount employers contribute at 22 percent of payroll. (See AS 39.35.280 Additional State Contributions)
- AS 14.25.070 “Contributions by employers” establishes the TRS employer contribution rate at 12.56 percent, with the State contributing the difference between total TRS actuarially determined contributions and the amount employers contribute at 12.56 percent of payroll. (See AS 14.25.085 Additional State Contributions)
The rate the employer will pay (Employer Effective Rate) is 22% for PERS DB and DCR Plans and 12.56% for TRS DB and DCR Plans.
The DB Plan employer rates for the PERS and TRS are outlined in the table below:
Current and Past Contribution Rates
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 26.76% | 28.59% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 25.10% | 25.52% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 24.79% | 24.62% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 30.11% | 31.85% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 30.85% | 30.47% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 28.62% | 30.47% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 27.58% | 28.90% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 25.01% | 26.78% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 26.14% | 28.02% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 27.19% | 29.27% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 44.03% | 70.75% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 35.68% | 53.62% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 35.84% | 52.67% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 33.49% | 45.55% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 27.96% | 38.56% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS (P) & (A) | TRS | |
ARMB Adopted Rate | 27.65% | 39.53% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS | TRS | |
ARMB Adopted Rate | 35.22% | 44.17% |
Employer Effective Rate | 22.00% | 12.56% |
Employer Effective Rate | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
In setting the Defined Benefit (DB) plan rates, the board addressed compliance with legislative funding appropriations contained in Senate Bill 53 (Capital Budget - Section 55) and House Bill 95 (Operating Budget - Section 15) to provide relief for PERS employers. The FY08 rates PERS employers will pay the Employer Effective Rate. The Employer Effective Rate is set to be at no less than 14.48 percent for PERS employers whose actuarially calculated rate is less than 22 percent, and no more than 22 percent for PERS employers who’s actuarially determined rate is greater than 22 percent. The Defined Benefit plan employer rates for the PERS and TRS are provided via the links in the table below:
PERS/TRS DB Plan (PERS Tiers I/II/III and TRS Tiers I/II) |
||
---|---|---|
PERS | TRS | |
ARMB Adopted Rate | See Column 1: PERS Employer Rates | 12.52% |
Employer Effective Rate | See Column 2: PERS Employer Rates | 12.56% |
Rehired Retiree Rate (Waivered Employees) | See Column 3: PERS Employer Rates | 12.56% |
P = Peace Officers / Firefighters, A = All others Per AS 39.35.270 (c) and 14.25.070 (c) the Rehired Retiree Rate, defined as the Past Service Rate, is provided via the valuation process, and is limited by HB 95 and SB 53 to be no less than zero and no more than 22 percent for PERS, and equal to the Normal Cost Rate for TRS. SB 123 requires that the PERS and TRS Defined Benefit rate be applied to both DB and DCR salaries. However, in some cases, the Defined Benefit effective rate will not be sufficient to cover all required DCR contributions. All DCR Plan employer contribution obligations are required. Employers will pay either the effective rate or the DCR required rate plus the Health Reimbursement Arrangement (HRA), whichever amount is greater. |
Senate Bill 123 , the “technical clean-up” bill, requires that the PERS and TRS DB rate be applied to both DB and DCR salaries. However, in some cases, the DB effective rate is not sufficient to cover all required DCR contributions. All DCR Plan employer contribution obligations are required. Employers will pay either the effective rate OR the DCR required rate plus the Health Reimbursement Arrangement (HRA), whichever amount is greater.
Current and Past Contribution Rates
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 0.83% | 0.83% | 0.68% |
Occupational Death & Disability | 0.69% | 0.24% | 0.08% |
DCR Required Rate + HRA | 6.52% + HRA | 6.07% + HRA | 7.76% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.01% | 1.01% | 0.82% |
Occupational Death & Disability | 0.68% | 0.30% | 0.08% |
DCR Required Rate + HRA | 6.69% + HRA | 6.31% + HRA | 7.90% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.10% | 1.10% | 0.87% |
Occupational Death & Disability | 0.68% | 0.30% | 0.08% |
DCR Required Rate + HRA | 6.78% + HRA | 6.40% + HRA | 7.95% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.07% | 1.07% | 0.83% |
Occupational Death & Disability | 0.68% | 0.31% | 0.08% |
DCR Required Rate + HRA | 6.75% + HRA | 6.38% + HRA | 7.91% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.27% | 1.27% | 0.93% |
Occupational Death & Disability | 0.70% | 0.31% | 0.08% |
DCR Required Rate + HRA | 6.97% + HRA | 6.58% + HRA | 8.01% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.32% | 1.32% | 1.09% |
Occupational Death & Disability | 0.72% | 0.26% | 0.08% |
DCR Required Rate + HRA | 7.04% + HRA | 6.58% + HRA | 8.17% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 0.94% | 0.94% | 0.79% |
Occupational Death & Disability | 0.76% | 0.26% | 0.08% |
DCR Required Rate + HRA | 6.70% + HRA | 6.20% + HRA | 7.87% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.03% | 1.03% | 0.91% |
Occupational Death & Disability | 0.43% | 0.16% | 0.00% |
DCR Required Rate + HRA | 6.46% + HRA | 6.19% + HRA | 7.91% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.18% | 1.18% | 1.05% |
Occupational Death & Disability | 0.49% | 0.17% | 0.00% |
DCR Required Rate + HRA | 6.67% + HRA | 6.35% + HRA | 8.05% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.68% | 1.68% | 2.04% |
Occupational Death & Disability | 1.05% | 0.22% | 0.00% |
DCR Required Rate + HRA | 7.73% + HRA | 6.90% + HRA | 9.04% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.66% | 1.66% | 2.04% |
Occupational Death & Disability | 1.06% | 0.22% | 0.00% |
DCR Required Rate + HRA | 7.72% + HRA | 6.88% + HRA | 9.04% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan - FY 2014 Contribution Rates | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 0.48% | 0.48% | 0.47% |
Occupational Death & Disability | 1.14% | 0.20% | 0.00% |
DCR Required Rate + HRA | 6.62% + HRA | 5.68% + HRA | 7.47% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 0.48% | 0.48% | 0.49% |
Occupational Death & Disability | 0.99% | 0.14% | 0.00% |
DCR Required Rate + HRA | 6.47% + HRA | 5.62% + HRA | 7.49% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan - FY 2012 Contribution Rates | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 0.51% | 0.51% | 0.58% |
Occupational Death & Disability | 0.97% | 0.20% | 0.00% |
DCR Required Rate + HRA | 6.48% + HRA | 5.71% + HRA | 7.58% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan - FY 2011 Contribution Rates | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 0.55% | 0.55% | 0.68% |
Occupational Death & Disability | 1.18% | 0.31% | 0.28% |
DCR Required Rate + HRA | 6.73% + HRA | 5.86% + HRA | 7.96% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan - FY 2010 Contribution Rates | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 0.83% | 0.83% | 1.03% |
Occupational Death & Disability | 1.33% | 0.30% | 0.32% |
DCR Required Rate + HRA | 7.16% + HRA | 6.13% + HRA | 8.35% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan - FY 2009 Contribution Rates | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 0.99% | 0.99% | 0.99% |
Occupational Death & Disability | 1.33% | 0.58% | 0.62% |
DCR Required Rate + HRA | 7.32% + HRA | 6.57% + HRA | 8.61% + HRA |
Total Employer Contribution Rate | 22.00% | 22.00% | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan - FY 2008 Contribution Rates | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 0.99% | 0.99% | 0.99% |
Occupational Death & Disability | 1.33% | 0.58% | 0.62% |
DCR Required Rate + HRA | 7.32% + HRA | 6.57% + HRA | 8.61% + HRA |
Total Employer Contribution Rate | See Column 2: PERS Employer Rates | See Column 2: PERS Employer Rates | 12.56% |
P = Peace Officers / Firefighters, A = All others |
PERS/TRS DCR Plan - FY 2007 Contribution Rates | |||
---|---|---|---|
PERS (P) | PERS (A) | TRS | |
Employer Contribution | 5.00% | 5.00% | 7.00% |
Retiree Medical Plan | 1.75% | 1.75% | 1.75% |
Occupational Death & Disability | 0.40% | 0.30% | N/A |
DCR Required Rate + HRA | 7.15% + HRA | 7.05% + HRA | 8.75% + HRA |
P = Peace Officers / Firefighters, A = All others |
AS 39.30.370 states a rate of 3% is applied to the average annual compensation of all employees of all employers in the TRS and PERS. The contribution amount is then converted to a per pay period, per employee contribution amount. Contributions to the employee's Health Reimbursement Arrangement (HRA) account are required for every pay period in which the employee is enrolled in the DCR Plan, regardless of the compensation paid during the calendar year.
For TRS full-time members who are paid over a period of less than 12 months, the employer will calculate the amount due per pay period by dividing the annual HRA amount by the number of scheduled payments. See example by applicable fiscal year below.
For TRS part-time members, the HRA contribution is based on the contract percentage worked multiplied by the applicable HRA contribution amount. See example by applicable fiscal year below.
Note: For all school districts the prorated calculation of annual HRA contributions does not apply to PERS DCR Plan Noncertificated (classified) School Employees. These employees are NOT eligible to elect the alternate option program (SB9). Once the DRB PERS system is provided the Leave Without Pay (LWP) date for the last day worked for the school year, service is then turned off and HRA contributions are suspended for the summer break.
For PERS part-time members, the employer contributes the PERS hourly amount for each hour the employee worked during each pay period until the employer has contributed the annual HRA amount for the fiscal year.
Current and Past HRA Amounts
HRA Amounts | ||
---|---|---|
Annual | $2,386.80 | |
Quarterly | $596.70 | |
Monthly | $198.90 | |
Semi-Monthly | $99.45 | |
Bi-Weekly | $91.80 | |
Weekly | $45.90 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.53 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $265.20 per pay period ($2,386.80 annual cost divided by nine payments).
- 10 monthly payments: The employer HRA monthly contribution would be $238.68 per pay period ($2,386.80 annual cost divided by ten payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $139.23 per monthly pay period (monthly HRA amount $198.90 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $2,302.56 | |
Quarterly | $575.64 | |
Monthly | $191.88 | |
Semi-Monthly | $95.94 | |
Bi-Weekly | $88.56 | |
Weekly | $44.28 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.48 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $255.84 per pay period ($2,302.56 annual cost divided by nine payments).
- 10 monthly payments: The employer HRA monthly contribution would be $230.26 per pay period ($2,302.56 annual cost divided by ten payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $134.32 per monthly pay period (monthly HRA amount $191.88 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $2,237.04 | |
Quarterly | $559.26 | |
Monthly | $186.42 | |
Semi-Monthly | $93.21 | |
Bi-Weekly | $86.04 | |
Weekly | $43.02 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.43 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $248.56 per pay period ($2,237.04 annual cost divided by nine payments).
- 10 monthly payments: The employer HRA monthly contribution would be $223.70 per pay period ($2,237.04 annual cost divided by ten payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $130.49 per monthly pay period (monthly HRA amount $186.42 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $2,168.40 | |
Quarterly | $542.10 | |
Monthly | $180.70 | |
Semi-Monthly | $90.35 | |
Bi-Weekly | $83.40 | |
Weekly | $41.70 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.39 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $240.93 per pay period ($2,168.40 annual cost divided by nine payments).
- 10 monthly payments: The employer HRA monthly contribution would be $216.84 per pay period ($2,168.40 annual cost divided by ten payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $126.49 per monthly pay period (monthly HRA amount $180.70 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $2,159.04 | |
Quarterly | $539.76 | |
Monthly | $179.92 | |
Semi-Monthly | $89.96 | |
Bi-Weekly | $83.04 | |
Weekly | $41.52 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.38 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $239.89 per pay period ($2,159.04 annual cost divided by nine payments).
- 10 monthly payments: The employer HRA monthly contribution would be $215.90 per pay period ($2,159.04 annual cost divided by ten payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $125.94 per monthly pay period (monthly HRA amount $179.92 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $2,121.60 | |
Quarterly | $530.40 | |
Monthly | $176.80 | |
Semi-Monthly | $88.40 | |
Bi-Weekly | $81.60 | |
Weekly | $40.80 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.36 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $235.73 per pay period ($2,121.60 annual cost divided by nine payments).
- 10 monthly payments: The employer HRA monthly contribution would be $212.16 per pay period ($2,121.60 annual cost divided by ten payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $123.76 per monthly pay period (monthly HRA amount $176.80 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $2,102.88 | |
Quarterly | $525.72 | |
Monthly | $175.24 | |
Semi-Monthly | $87.62 | |
Bi-Weekly | $80.88 | |
Weekly | $40.44 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.35 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $233.65 per pay period ($2,102.88 annual cost divided by nine payments).
- 10 monthly payments: The employer HRA monthly contribution would be $210.29 per pay period ($2,102.88 annual cost divided by ten payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $122.67 per monthly pay period (monthly HRA amount $175.24 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $2,084.16 | |
Quarterly | $521.04 | |
Monthly | $173.68 | |
Semi-Monthly | $86.84 | |
Bi-Weekly | $80.16 | |
Weekly | $40.08 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.34 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $231.57 per pay period ($2,084.16 annual cost divided by nine payments).
- 10 monthly payments: The employer HRA monthly contribution would be $208.42 per pay period ($2,084.16 annual cost divided by ten payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $121.58 per monthly pay period (monthly HRA amount $173.68 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $2,049.36 | |
Quarterly | $512.34 | |
Monthly | $170.78 | |
Semi-Monthly | $85.39 | |
Bi-Weekly | $78.82 | |
Weekly | $39.41 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.31 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $227.71 per pay period ($2,049.36 annual cost divided by nine payments).
- 10 monthly payments: The employer HRA monthly contribution would be $204.94 per pay period ($2,049.36 annual cost divided by ten payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $119.55 per monthly pay period (monthly HRA amount $170.78 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $2,004.52 | |
Quarterly | $501.13 | |
Monthly | $167.04 | |
Semi-Monthly | $83.52 | |
Bi-Weekly | $77.10 | |
Weekly | $38.55 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.28 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $119.55 per pay period ($2,004.52 annual cost divided by nine payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $116.93 per monthly pay period (monthly HRA amount $167.04 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $1,960.53 | |
Quarterly | $490.13 | |
Monthly | $163.38 | |
Semi-Monthly | $81.69 | |
Bi-Weekly | $75.41 | |
Weekly | $37.70 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.26 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $217.84 per pay period ($1,960.53 annual cost divided by nine payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $114.37 per monthly pay period (monthly HRA amount $163.38 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $1,896.60 | |
Quarterly | $474.15 | |
Monthly | $158.05 | |
Semi-Monthly | $79.03 | |
Bi-Weekly | $72.95 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.22 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $210.73 per pay period ($1,896.60 annual cost divided by nine payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $110.64 per monthly pay period (monthly HRA amount $158.05 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $1,848.43 | |
Quarterly | $462.11 | |
Monthly | $154.04 | |
Semi-Monthly | $77.02 | |
Bi-Weekly | $71.09 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.18 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $205.38 per pay period ($1,848.43 annual cost divided by nine payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $107.83 per monthly pay period (monthly HRA amount $154.04 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $1,778.09 | |
Quarterly | $444.52 | |
Monthly | $148.17 | |
Semi-Monthly | $74.09 | |
Bi-Weekly | $68.39 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.14 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $197.57 per pay period ($1,778.09 annual cost divided by nine payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $103.72 per monthly pay period (monthly HRA amount $148.17 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $1,720.70 | |
Quarterly | $430.17 | |
Monthly | $143.39 | |
Semi-Monthly | $71.70 | |
Bi-Weekly | $66.18 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.10 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $191.19 per pay period ($1,720.70 annual cost divided by nine payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $100.37 per monthly pay period (monthly HRA amount $143.39 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $1,699.71 | |
Quarterly | $424.93 | |
Monthly | $141.64 | |
Semi-Monthly | $70.82 | |
Bi-Weekly | $65.37 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.09 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $188.86 per pay period ($1,699.71 annual cost divided by nine payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $99.15 per monthly pay period (monthly HRA amount $141.64 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $1,616.81 | |
Quarterly | $404.20 | |
Monthly | $134.73 | |
Semi-Monthly | $67.37 | |
Bi-Weekly | $62.18 |
(PERS part-time members) | ||
---|---|---|
Hourly | $1.04 |
For a TRS full-time member who receives:
- 9 monthly payments: The employer HRA monthly contribution would be $179.65 per pay period ($1,616.81 annual cost divided by nine payments).
For a TRS part-time member:
- For example, if the member worked 70% of their contract the monthly contribution to the HRA would be of $94.31 per monthly pay period (monthly HRA amount $134.73 x 70%).
HRA Amounts | ||
---|---|---|
Annual | $1,531.27 | |
Quarterly | $382.82 | |
Monthly | $127.61 | |
Semi-Monthly | $63.80 | |
Bi-Weekly | $58.89 |
(PERS part-time members) | ||
---|---|---|
Hourly | $0.98 |